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Home » News » Financial News

Financial News

Tallink achieves Q3 growth despite rise in bunker costs
22 Nov 2017 11:51 GMT
Ferry operator expecting improved operating results in 2017 thanks to LNG-fuelled ferry.

Quadrise issues activity update following 'media speculation'
20 Nov 2017 09:58 GMT
Company says Nov 6 updates on its activities 'continue to reflect the firm's current status'.

Aegean posts net loss and 23.2% drop in gross profit
16 Aug 2017 08:01 GMT
Bunker firm cites 'challenging' environment as sales margin plummets.

Brightoil 'unable to provide definitive timetable' for release of annual results
10 Nov 2017 15:53 GMT
Bunker seller provides update on work carried out since share trading was suspended on October 3.

Odfjell posts Q3 loss as bunker costs rise
09 Nov 2017 11:23 GMT
Company expects Q4 to be 'in line' with Q3 but believes chemical tanker market will improve in 2018.

Engie 'committed' to downstream activities
09 Nov 2017 09:08 GMT
French firm says retail sales, GTT and regasification terminals are 'core to its strategy'.

Aegean expects to post first loss in three years
08 Nov 2017 05:43 GMT
Challenging environment has continued to put pressure on margins and gross profit, says firm.

Maersk Line posts $336m profit swing despite spending $218m more on bunkers
07 Nov 2017 11:14 GMT
Maersk Line records Q3 after-tax net profit of $220m as marine fuel expenses increase 37% YoY.

Quadrise posts loss in annual results
06 Nov 2017 09:50 GMT
UK firm reports GBP 5 million in cash reserves and no debt.

Higher bunker prices drive up voyage costs as Eagle Bulk posts another loss
03 Nov 2017 09:43 GMT
Owner-operator reports loss despite bigger jump in revenue compared to costs.

Clean Energy Fuels posts higher Q3 loss on incremental charges
03 Nov 2017 08:31 GMT
Operating expenses jumped 68.6% whilst revenue fell 15.7% despite an 8.3% rise in sales volume.

Kirby posts 'better-than-expected' Q3 results
02 Nov 2017 08:10 GMT
Bunker barge operator achieves $28.6m net profit despite 'negative impact from hurricanes'.

Sojitz buys stake in LNG terminal owner with bunker plans, Reganosa
31 Oct 2017 08:14 GMT
Japanese firm acquires 15 percent shareholding in operator of Mugardos LNG facility.

Singapore to withdraw port dues concession in July
30 Oct 2017 07:24 GMT
Port has urged shipping firms to 'make plans for the transition once the relief measures are withdrawn'.

Birns: WFS could see improved marine hedging activity and margins with rising prices
27 Oct 2017 11:36 GMT
CFO discusses the positive effect of higher prices on marine performance.

WFS marine: higher revenue, lower gross profit and sales volume
27 Oct 2017 09:53 GMT
Marine segment saw quarterly and nine-month sales volume fall 12.8% and 13.9% respectively.

World Fuel Services posts third-quarter results
27 Oct 2017 07:05 GMT
Marine segment recorded a decrease in gross profit of $6.8 million, or 18.2%.

Ship operating costs expected to rise in latest survey
26 Oct 2017 14:03 GMT
Shipping firms forecast increase in lube expenses and express concern about the higher cost of regulatory compliance.

Neste completes Naantali revamp to slash heavy fuel oil production
26 Oct 2017 11:24 GMT
Company estimates that it will be able to achieve an additional margin of at least $5.5 per barrel.

Ecoslops secures EUR 5 million capital increase
26 Oct 2017 09:38 GMT
Proceeds to be used to finance Ecoslops' development in France and abroad, says CEO.

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